Lee & Associates Closes on $7.3 Million Retail Sale


Torrance, CA – November 16, 2011 – (RealEstateRama) — Lee & Associates, the nation’s largest broker owned commercial brokerage firm, has closed on the $7.3 million sale of a 14,820-square-foot retail property leased by Walgreens, located at 8996 Stacy Road in McKinney, Texas.

Jim Casale, CCIM, a principal in the Lee & Associates’ San Diego office represented the buyers, a private family trust. The sellers, JK 720 Custer LLC, were represented by Brad and Gavin Kam with Net Lease Realty Advisors.

“This well-located asset is a prime net-leased investment offering long-term security for my clients”, Casale said. “We competed with multiple offers and presented a comprehensive package showing my client’s expertise and our ability to close quickly on an all-cash basis. That ultimately won us the deal.”
The Walgreens store was constructed in 2008 and is located in the master-planned community of Craig Ranch, a high-quality 2,500-acre community in the Dallas marketplace. Walgreens has a lease on the building until 2033 with multiple options

About Lee & Associate:
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 44 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.


Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.


Phone: 310-373-0103

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